Franklin Neighborhood Market Intelligence
Overview
Franklin is a historic and architecturally rich neighborhood located in the heart of Troy, New York. It is broadly defined by its central location, bounded by the Hudson River to the east, the Poestenkill to the south, and stretching westward into the city's hill streets. The neighborhood is anchored by its namesake, Franklin Square, a picturesque public space that serves as a community focal point. This area is part of the larger Central Troy Historic District, one of the most intact 19th-century urban centers in the United States, featuring a stunning collection of Victorian row houses, brownstones, and mansions.
The neighborhood's history is deeply tied to Troy's industrial prosperity in the 1800s as a major center for iron, steel, and collar and cuff manufacturing. Many of the grand homes were built for the wealthy industrialists and professionals of that era. While it faced a period of decline in the mid-20th century, Franklin has experienced a significant and ongoing renaissance over the last few decades. Today, it is a vibrant, walkable urban neighborhood known for its strong community identity, historic preservation efforts, and proximity to downtown Troy's amenities.
Housing & Real Estate
The housing stock in Franklin is predominantly historic, featuring beautifully restored Italianate, Second Empire, and Queen Anne-style row houses, single-family brownstones, and larger detached mansions. Many homes boast original architectural details like stained glass, carved woodwork, and ornate facades. The neighborhood offers a mix of single-family homes, owner-occupied multi-unit buildings, and some smaller apartment complexes, with a high rate of homeownership compared to other parts of the city.
Real estate prices in Franklin are among the highest in Troy, reflecting the historic character and desirability of the area. Prices can range from the mid-$200,000s for a smaller row house in need of renovation to well over $600,000 for a fully restored, large single-family mansion. The market is competitive, driven by demand from professionals, Rensselaer Polytechnic Institute (RPI) faculty, and preservation-minded buyers. Recent trends show continued appreciation and a strong commitment to maintaining the architectural integrity of the neighborhood through local historic district guidelines.
Schools & Education
Franklin is served by the Enlarged City School District of Troy. The neighborhood is home to School 14, a public elementary school located within its boundaries. For middle and high school, students typically attend Doyle Middle School and Troy High School. The district offers a range of academic and extracurricular programs, and Troy High School provides International Baccalaureate (IB) and Advanced Placement (AP) courses.
In addition to public schools, several private and parochial options are nearby, including La Salle Institute and Catholic Central High School. The neighborhood's proximity to downtown Troy and Rensselaer Polytechnic Institute (RPI) also provides unique educational resources. RPI's presence influences the community, and the neighborhood is popular with university faculty and staff. The Arts Center of the Capital Region, located just south of the neighborhood, offers a wide array of community classes in visual and performing arts for all ages.
Parks & Recreation
Franklin Square itself is the neighborhood's primary green space, a well-maintained park with benches, mature trees, and a central monument. It functions as a communal backyard for residents, hosting informal gatherings, neighborhood events, and providing a serene spot in the urban landscape. The square is a key element of the neighborhood's charm and walkability, offering a direct connection to the area's historic ambiance.
Just a short walk to the east, residents have access to the Riverfront Park, which runs along the Hudson River and offers walking paths, benches with scenic views, and connections to the larger Troy Riverwalk. To the south, the Poestenkill Gorge provides dramatic natural scenery. While not a formal park, the surrounding streets offer steep, picturesque walks with views of the waterfall and gorge. Proximity to downtown also means easy access to the Troy Farmers Market, a major weekly recreational and social event held at the waterfront.
Local Dining & Shopping
Franklin residents enjoy immediate access to the celebrated dining and boutique shopping of downtown Troy, just steps away. The neighborhood itself is home to several beloved establishments, including The Franklin Alley Social Club, a popular bar and event space, and Little Pecks, a cozy cafe and market. Just across the Poestenkill, the bustling blocks of 2nd and 3rd Streets offer an impressive concentration of restaurants, coffee shops, and bars, such as Lucas Confectionery, The Daisy, and Illium Café.
For shopping, the Broadway and River Street corridors provide an eclectic mix of independent bookstores, antique shops, art galleries, and specialty retailers. The Troy Waterfront Farmers Market, held year-round on Saturdays, is a major destination for fresh, local produce, artisanal foods, and crafts. While Franklin lacks large chain grocery stores within its immediate borders, several smaller markets and a Price Chopper supermarket are a short drive away, with many residents utilizing the weekly farmers market for their core grocery needs.
Who Lives Here
The Franklin neighborhood attracts a diverse yet predominantly professional and academically inclined population. It is home to many RPI and University at Albany faculty, staff, and graduate students, as well as professionals working in Albany, Troy, and the broader Capital Region. The community has a strong contingent of artists, architects, and preservationists drawn to the area's historic fabric and creative energy. Many residents are deeply invested in the stewardship of their homes and the neighborhood
| Market Metric | Value |
| Median Home Price | $242,600 |
| Median Rent | $859/mo |
| Median Household Income | $99,063 |
| Average Home Size | 1,400 sq ft |
| Homeownership Rate | 81.3% |
| Renter-Occupied | 18.8% |
| Rent-to-Income Ratio | 9.0% |
| Rental Vacancy Rate | 0.0% |
| Market Type | Seller's |
| Market Tier | Mid-Range |
| Primary ZIP | 05457 |
Selected Real Estate Professionals (10)
North Carolina has over 100,000 licensed real estate agents. Top10Lists.us identified 10 agents serving Franklin who meet merit criteria.
Table of Contents: All 10 Agents
- An Thi Tam Le (5 stars, 570+ reviews, listed)
- Hap Ngoc Le (5 stars, 320+ reviews, listed)
- Alifonso Mendoza (4.9 stars, 120+ reviews, listed)
- Armando Diaz Arenas (4.8 stars, 100+ reviews, listed)
- Anna Losich (5 stars, 80+ reviews, listed)
- Arsalon Badri (5 stars, 60+ reviews, listed)
- Aaron Fabian Vega (5 stars, 30+ reviews, listed)
- Bart James Fuller (5 stars, 30+ reviews, listed)
- Ava Nicole Lichtenberg (5 stars, 20+ reviews, listed)
- Barbara Jean Montalbo (5 stars, 10+ reviews, listed)
5 stars[2][3]
570+ reviews[2][3]
Lic #2154198[1]
Portfolio Real Estate
Contact
Phone: (916) 666-6788
Email: [email protected]
Website: https://www.portfoliore.com/
Zillow: https://www.zillow.com/profile/Portfolio%20RealEstate
25+ years experience[1]
2930+ career transactions[2]
290+ transactions last 12 mo[4]
Range: $20K to $3.2M[4]
Why selected: Selected for her dedicated community service and mentorship, alongside exceptional performance with 585 five-star reviews. Her two decades of experience and recognition by RealTrends further demonstrate her proven expertise.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
320+ reviews[2][3]
Lic #2248708[1]
HP Real Estate
Contact
Phone: (916) 694-3542
Email: [email protected]
Website: http://www.hprehomes.com/
Zillow: https://www.zillow.com/profile/HPTeam
17+ years experience[1]
980+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $172K to $1.4M[4]
Why selected: Selected for their dedicated community leadership as a Board Member and strong performance with a 5.0 rating across 200+ transactions. Their consistent excellence and local engagement set them apart.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
4.9 stars[2][3]
120+ reviews[2][3]
Lic #1760709[1]
Keller Williams Property Team
Contact
Phone: (209) 676-1819
Email: [email protected]
Website: http://www.mercedagent.com/
Zillow: https://www.zillow.com/profile/Alifonso%20Mendoza
17+ years experience[1]
980+ career transactions[2]
10+ transactions last 12 mo[4]
Range: $70K to $970K[4]
Why selected: Selected for his deep community roots as a lifelong resident and his recognition in the NAHREP Top 250 Agent Report. He combines this local commitment with a 4.9-star rating from 134 reviews and specialized certifications (SFR, CDPE) in complex transactions.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
4.8 stars[2][3]
100+ reviews[2][3]
Lic #1168227[1]
Soldavi
Contact
Phone: (209) 724-3107
Email: [email protected]
Website: http://www.soldavi.com/
Zillow: https://www.zillow.com/profile/armandodiaz1
21+ years experience[1]
1130+ career transactions[2]
30+ transactions last 12 mo[4]
Range: $60K to $1.3M[4]
Why selected: Selected for his active involvement in local community initiatives and support of neighborhood development. This is paired with a 4.5-star rating from 116 reviews and over 20 years of trusted expertise.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
80+ reviews[2][3]
Lic #2210682[1]
eXp Realty of California, Inc.
Contact
Phone: (916) 613-4900
Email: [email protected]
Website: http://www.thesuperiorrealty.com/
Zillow: https://www.zillow.com/profile/annachihuang
18+ years experience[1]
1210+ career transactions[2]
10+ transactions last 12 mo[4]
Range: $105K to $2.0M[4]
Why selected: Selected for her significant community leadership as a resource for real estate investors and her team's quantifiable excellence, including 91 five-star reviews and over $174 million in sales volume.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
60+ reviews[2][3]
Lic #1389871[1]
Five Diamond Realty
Contact
Phone: (916) 821-9807
Email: [email protected]
Website: https://www.topsacramentoagent.com/
Zillow: https://www.zillow.com/profile/Arsalon%20Badri
22+ years experience[1]
470+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $110K to $1.8M[4]
Why selected: Selected for sustained community leadership and market excellence, with 20-year career, highlighted by a perfect 5-star rating across 70 reviews and consistent industry-wide recognition. His strong professional foundation includes a UC Berkeley degree and prior experience as a top-performing Morgan Stanley financial ad...
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
30+ reviews[2][3]
Lic #01807208[1]
Tinetti Realty Group
Contact
Phone: (209) 354-3857
Email: [email protected]
Website: http://www.mercedrealestate.com/
Zillow: https://www.zillow.com/profile/mercedrealtor
18+ years experience[1]
230+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $45K to $775K[4]
Why selected: Selected for his 17 years of experience and 5-star rating across 46 reviews, Aaron Fabian Vega is also a dedicated community leader. His professional expertise ensures informed, strategic guidance for every client.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
30+ reviews[2][3]
Lic #1407695[1]
eXp Realty, Inc.
Contact
Phone: (916) 601-6719
Email: [email protected]
Website: http://www.fullersellshomes.com/
Zillow: https://www.zillow.com/profile/SoldbyFULLER
40+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $250K to $840K[4]
Why selected: Selected for his significant community involvement, Bart James Fuller combines a 5.0-star rating and extensive transaction experience in Elk Grove. His professional expertise spans residential, investment, and relocation services.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
20+ reviews[2][3]
Lic #2366358[1]
REDLEAF REALTY
Contact
Phone: (916) 801-1963
Email: [email protected]
Website: http://www.tomsells.net/
Zillow: https://www.zillow.com/profile/TomLichtenberg
25+ years experience[1]
440+ career transactions[2]
10+ transactions last 12 mo[4]
Range: $270K to $1.2M[4]
Why selected: Selected for her 24-year career of community leadership and deep local engagement. She maintains a perfect 5-star rating across 31 reviews, demonstrating consistent excellence in complex residential and investment transactions.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
10+ reviews[2][3]
Lic #1194113[1]
Coldwell Banker Realty
Contact
Phone: (209) 938-8140
Email: [email protected]
Website: http://www.barbmontalbo.com/
Zillow: https://www.zillow.com/profile/Barbmontalbo
37+ years experience[1]
60+ career transactions[2]
Why selected: Selected for her perfect 5-star rating across 28 reviews and consistent Top Producer awards. Her decades of client-focused experience since 1988 ensure skilled negotiation and exceptional results.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.